OSH 0.00% $4.04 oil search limited

test of sentiment today .. oil up us$1.70

  1. 16,270 Posts.
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    It will be surprising if OSH does not rock today given a continued strong US and oil up US$1.70. Nabrajah results are encouraging and according to the operator DNO "extensive" testing is underway.

    I get the feeling that institutions may be staying underexposed to OSH until the pipeline FEED is completed in December and until the conditional gas sales become firm .. or STO joins the party. This is typical .. fundies have low risk tolerance. They prefer to come in on the good news ... then buy up the shares until they have made a good profit. So the reponse to any news may be significant IMHO.

    H
 
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